Clients often start investing without planning. Planning your investments is imperative to the kind of returns you can expect and when to expect them and working with a qualified advisor, helps to plan and implement effectively. Remember: everyone’s needs are unique, i.e. different goals will have different strategies..

Here are a few simple steps we can help with :

• Write down your financial goals (child’s wedding, retirement, child’s higher education).
• Calculate the amount you feel you will need for each of them taking into account inflation.
• Put down timelines for each of your goals, how many years later will you require that amount.
• Project how much of your earnings you can safely invest each year and account for any foreseeable growth in earnings.
• Assess Study the returns of different investment instruments (remember to account for inflation).
• Selection of the instruments that best suit your needs and allocate different amounts for investment in each of them.
• Goal-based financial planning assesses a client’s current situation and proposes a strategy for them to obtain a particular financial goal.